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History of Dharani Finance Ltd.

Dharani Finance Limited [DFLs] is an existing, profit making Comp. engaged in financial services, promoted by PGP Group of Companies.

The Comp. was incorporated as Public Limited Comp. on 10th May, 1990 & obtained the Certificate of Commencement of Business on 25th June, 1990. The Comp. initially started with a capital base of Rs.12.79 lakhs & this was increased gradually to Rs.87.86 lakhs in 1992.

The Comp. is managed by a Board of Directors consisting of eminent personalities with Dr. Palani G. Periasamy being the Chairman ofthe Company. The Comp. is presently active in the field of Lease/Hire Purchase & Bill Discounting.

The Comp. is primarily engaged in the business of providing Hire Purchase finance, Lease Finance & other financial services like Bills Discounting.

The Comp. was promoted by PGP Group. The Group was promoted by Dr. Palani G.Periasamy. Dharani Cements Limited, Dharani Sugars and Chemicals Limited, Pallava Hotels Corporation Limited & PGP International [Indias] are the group companies of Dharani finance.

The Comp. doesn't have any subsidiaries.

2001 - CARE has downgraded the rating assigned to the FD programme of Dharani Finance limited from BB- to B.